Financialization and Strategy: Narrative and Numbers by Julie FroudFinancialization and Strategy: Narrative and Numbers by Julie Froud

Financialization and Strategy: Narrative and Numbers

byJulie Froud, Sukhdev Johal, Adam Leaver

Paperback | March 16, 2006

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Considering the recent impact of the capital market on corporate strategy, this text analyzes, through argument and supportive case studies, how pressures from the capital bull market of the 1990s and bear market of the early 2000s, have reshaped management action and calculation in large, publicly quoted US and UK corporations.

Beginning with the dissatisfaction with classical strategy and its limited engagement with the processes of financialization, the book moves on to cover three detailed company case studies (General Electric, Ford and GlaxoSmithKline) which use long run financial data and analysis of company and industry narratives to illustrate and explore key themes. The book emphasizes the importance of company and industry narrative, while also analyzing long term financial results, and helps to explain the limits of management action and the burden of expectations placed on corporate governance.

Presenting financial and market information on trajectory in an accessible way, this book provides a distinctive, critical social science account of management in large UK and US corporations, and it is a valuable resource for students, scholars and researchers of business, management, political economy and non-mainstream economics.

short listed for the 2007 IPEG Book Prize

The authors are all researchers at the Economic and Social Research Council's (ESRC) Centre for Research on Socio Cultural Change at the University of Manchester. Julie Froudis a Reader in Accounting at Manchester Business School.Sukhdev Johalis a Reader in the School of Management, Royal Holloway, University of London.Adam Leaveris a ...
Title:Financialization and Strategy: Narrative and NumbersFormat:PaperbackDimensions:416 pages, 9.21 × 6.14 × 0.9 inPublished:March 16, 2006Publisher:Taylor and FrancisLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0415334187

ISBN - 13:9780415334181

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Table of Contents

 Part 1: What Corporate Management Has Become  1. Introduction  2. Classical Strategy  3. The Intrusion of the Capital Market  4. Keeping it Going  5. Better Governance? Part 2: Cases  6. Introduction to the Cases  7. General Electric  8. Ford Motor Company  9. GlaxoSmithKline  10. Synthesis 

Editorial Reviews

'Financialization and Strategy will be of considerable interest to scholars, managers and policy makers concerned with effects of capital markets on corporate strategy.' - Michael Power, London School of Economics and Political Science, UK